Parabolic SAR Indicator Forex Swing Trading Strategy
This is a swing strategy that uses a parabolic SAR indicator. This method is easy to use and it can also help you identify the trend. Use this method on a 4-hour or daily timeframe.
You will know if it is an uptrend when the parabolic SAR will form below the candlesticks and it is a downtrend when the parabolic SAR will form above the candlesticks. The Parabolic SAR Indicator Is also good at making it clear to you the market swings.
HOW TO TRADE THE PARABOLIC SAR:
- The parabolic SAR dot must form below the candlesticks.
- Place a buy stop order above the high of the candlestick where the parabolic SAR indicator is formed.
- Place stop loss 5-10 pips below the low of that candlestick.
- Exit your trade when the parabolic SAR indicator gives a sell signal. (when a dot forms above a candlestick)
- The parabolic SAR dot must form above the above the candlestick.
- Place your sell stop order 3-5 pips below the low of that candlestick.
- Place your stop loss 5-10 pips above the high of that candlestick.
- Exit your trade when the parabolic SAR indicator gives a buy signal. (when a dot forms below a candlestick)
- It gives late signals, it means, the price had already made a big move before it gives the signal.
- The stop loss can be not in the ideal location because the indicator responds late.
- Not good in a ranging or sideway market.
- Good for beginners.
- Great in a trending market.
- It will show you price swings, but it can be a little late.
Forex Strategies Installation Instructions
Parabolic SAR Indicator Forex Swing Trading Strategy is a combination of Metatrader 4 (MT4) indicator(s) and template.
The essence of this forex strategy is to transform the accumulated history data and trading signals.
Parabolic SAR Indicator Forex Swing Trading Strategy provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust this strategy accordingly.
Forex Metatrader 4 Trading Platform:
- Free $30 To Start Trading Instantly
- No Deposit Required
- Automatically Credited To Your Account
- No Hidden Terms
How to install Parabolic SAR Indicator Forex Swing Trading Strategy?
- Download Parabolic SAR Indicator Forex Swing Trading Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Right click on your trading chart and hover on “Template”
- Move right to select Parabolic SAR Indicator Forex Swing Trading Strategy
- You will see Parabolic SAR Indicator Forex Swing Trading Strategy is available on your Chart
Click here below to download: